Mervyn King, the former Governor of the Bank of England, referred to those central banks who focused solely on inflation targeting as "inflation nutters". They should be less obsessed with inflation and take other things into account. The central bank of Brazil, after its increase in interest rates to 15% is in the inflation nutter camp. Click to read more.

A pattern of weak GDP growth - around 1% year-on-year - continues. But the UK is a leader amongst the G20 on reducing CO2 emissions and policy now appears to be on a stable track.

Indonesia: aiming for high income status in the long run. Policy problems in the short-run. Click for more.